Transaction in Own Shares

Rhea-AI Summary

Shell plc (SHEL) has executed another round of share buybacks on April 22, 2025, as part of its previously announced buyback programme from January 30, 2025. The company purchased a total of 1.45 million shares across multiple venues:

- 900,000 shares on UK venues (LSE, Chi-X, BATS) at prices between £24.21 and £24.425
- 550,000 shares on European venues (XAMS, CBOE DXE) at prices between €28.395 and €28.62

The purchases are being executed by Natixis, making independent trading decisions until April 25, 2025. The programme includes both on-market and off-market components, conducted under UK Listing Rules, EU MAR, and UK MAR regulations.

Positive

• Ongoing share buyback program demonstrates strong capital return commitment to shareholders
• Multi-venue purchase strategy shows efficient execution across markets

Negative

• None.

Insights

Financial Analyst

Shell continues executing its share buyback program, purchasing 1.45 million shares worth approximately $43 million across multiple venues.

Shell plc has continued implementing its previously announced share repurchase program by acquiring 1,450,000 shares for cancellation on April 22, 2025. The company purchased 900,000 shares across UK venues (LSE, Chi-X, and BATS) at volume-weighted average prices between £24.31 and £24.31, alongside 550,000 shares on European exchanges (XAMS and CBOE DXE) at average prices around €28.49.

This transaction is part of Shell's ongoing buyback program announced on January 30, 2025, which involves both on-market and off-market repurchases. The program has been structured with independent execution by Natixis through April 25, 2025, operating within pre-established parameters and in accordance with regulatory frameworks including UK Listing Rules and Market Abuse Regulations.

At current exchange rates, the total value of this single-day repurchase amounts to approximately $43 million, representing about 0.023% of Shell's $186.2 billion market capitalization. Share repurchases reduce the number of outstanding shares, which can enhance per-share metrics over time if continued consistently.

The buyback execution demonstrates a disciplined approach with purchases spread across five different trading venues and executed within relatively narrow price bands - the highest price paid was £24.43 in UK markets and €28.62 in European markets, with the lowest prices at £24.21 and €28.40 respectively.

Transaction in Own Shares

22 April, 2025

• • • • • • • • • • • • • • • •

Shell plc (the ‘Company’) announces that on 22 April 2025 it purchased the following number of Shares for cancellation.

Aggregated information on Shares purchased according to trading venue:

Date of purchase	Number of Shares purchased	Highest price paid	Lowest price paid	Volume weighted average price paid per share	Venue	Currency
22/04/2025	600,000	£ 24.4250	£ 24.2100	£ 24.3049	LSE	GBP
22/04/2025	150,000	£ 24.4100	£ 24.2350	£ 24.3080	Chi-X (CXE)	GBP
22/04/2025	150,000	£ 24.4250	£ 24.2150	£ 24.3068	BATS (BXE)	GBP
22/04/2025	400,000	€ 28.6200	€ 28.4000	€ 28.4912	XAMS	EUR
22/04/2025	150,000	€ 28.6000	€ 28.3950	€ 28.4824	CBOE DXE	EUR
22/04/2025	0	-	-	-	TQEX	EUR

These share purchases form part of the on- and off-market limbs of the Company's existing share buy-back programme previously announced on 30 January 2025.

In respect of this programme, Natixis will make trading decisions in relation to the securities independently of the Company for a period from 30 January 2025 up to and including 25 April 2025.

The on-market limb will be effected within certain pre-set parameters and in accordance with the Company’s general authority to repurchase shares on-market. The off-market limb will be effected in accordance with the Company’s general authority to repurchase shares off-market pursuant to the off-market buyback contract approved by its shareholders and the pre-set parameters set out therein. The programme will be conducted in accordance with  Chapter 9 of the UK Listing Rules and Article 5 of the Market Abuse Regulation 596/2014/EU dealing with buy-back programmes (“EU MAR”) and EU MAR as “onshored” into UK law from the end of the Brexit transition period (at 11:00 pm on 31 December 2020) through the European Union (Withdrawal) Act 2018 (as amended by the European Union (Withdrawal Agreement) Act 2020), and as amended, supplemented, restated, novated, substituted or replaced by the Financial Services Act, 2021 and relevant statutory instruments (including, The Market Abuse (Amendment) (EU Exit) Regulations (SI 2019/310)), from time to time (“UK MAR”) and the Commission Delegated Regulation (EU) 2016/1052 (the “EU MAR Delegated Regulation”) and the EU MAR Delegated Regulation as “onshored” into UK law from the end of the Brexit transition period (at 11:00 pm on 31 December 2020) through the European Union (Withdrawal) Act 2018 (as amended by the European Union (Withdrawal Agreement) Act 2020), and as amended, supplemented, restated, novated, substituted or replaced by the Financial Services Act, 2021 and relevant statutory instruments (including, The Market Abuse (Amendment) (EU Exit) Regulations (SI 2019/310)), from time to time.

In accordance with EU MAR and UK MAR, a breakdown of the individual trades made by Natixis on behalf of the Company as a part of the buy-back programme is detailed below.

Enquiries

Media International: +44 (0) 207 934 5550

Media Americas: +1 832 337 4335

LEI number of Shell plc: 21380068P1DRHMJ8KU70

Classification: Acquisition or disposal of the issuer’s own shares

Attachment

• Shell plc Share Buyback RNS_04.22.2025

FAQ

How many shares did Shell (SHEL) purchase on April 22, 2025?

Shell purchased 1.45 million shares total: 900,000 shares across UK venues and 550,000 shares on European venues.

What is the price range for Shell's (SHEL) share buyback on April 22, 2025?

In the UK, shares were purchased between £24.21 and £24.425, while European venues saw prices between €28.395 and €28.62.

When will Shell's (SHEL) current buyback program end?

The current buyback program, managed by Natixis, will continue until April 25, 2025.

Which trading venues did Shell (SHEL) use for its April 22 share buybacks?

Shell purchased shares across LSE, Chi-X (CXE), BATS (BXE), XAMS, and CBOE DXE venues.